Singapore legislation
Regulation 3
of Gas (Transfer of Property, Rights, Obligations and Liabilities under section 98) Regulations
Regulation 3
Transfer on Appointed Day
Pursuant to section 98(1) of the Act, as from the Appointed Day —
(a)
the Assets of SembGas shall become the assets of PowerGas; and
(b)
the Rights, Obligations and Liabilities of SembGas shall become the rights, obligations and liabilities of PowerGas.